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Japanese social marketing solutions provider PATRON, a subsidiary of EXTRAVAGANZA INTERNATIONAL, INC. has announced proactive new measures to further drive up the value of its native token for new and old users. These updates include a token swap and coin burn, complemented by a buyback program and exchanges on at least five new cryptocurrency exchanges.
After taking PATRON to the fore with a massive $40 million token offering and following listings on leading cryptocurrency exchanges, its CEO Atsushi Hisatsumi continued to generate huge interest in its project, headlining recent media announcements on partnerships with major US-based influencers such as Saweetie. Its recent Forbes feature also placed it on the map as one of the blockchain rising stars in 2018.
And now, PATRON continues a proactive push to continuously seek an expansion on exchange listings, while announcing a buyback program that will involve a coin burning from board of director holdings, with the aim to benefit the greater community, prior to proposing a token swap program to the community.
A growing presence on the open market
PATRON tokens (PAT) have had a great initial liquidity, with quick approval secured for listings on the following leading cryptocurrency exchanges: Hotbit, Extrates, Yobit, Changelly, LATOKEN. These have helped drive transactional volumes and demand, ultimately increasing use and adoption.
In the following weeks, PATRON’s team has also declared an intent to list PAT on one of South Korea’s most recognized exchange, Kucoin. Further details regarding this move will be announced once the deal is complete. Additionally, PAT is eyeing listings on CoinEX exchange; your vote for PAT to win that listing competition can be cast here.
PAT buyback and token swap
With a mainnet launch for PAT targeted by late September to October, the impending launch has thrown up considerations for a change of platform. This will require tokens to be ported over for compatibility with a possible new blockchain platform away from Ethereum.
Should this happen, a token swap will need to be organized, with token holders issued guidance on a seamless swap and migration.
One the mainnet launch has been confirmed, PATRON will issue a notification to current PAT holders, borth for host wallets and guest wallets.
The PATRON team will complement this action with a buyback program and coin burn event, basing it off the feedback received from the PAT community to further encourage liquidity and value appreciation of PAT. Some of holdings in the team’s pool from the board of directors will form a portion of the coin burn.
September event: Crypto Finance Conference, California
The developers of PATRON will be present at the Crypto Finance Conference in California on September 5th, 2018. The event, hosted at the Laguna Niguel Ritz-Carlton, will feature PATRON CEO Atsushi Hisatsumi as a guest speaker.
Hisatsumi will be joined by other crypto visionaries such as Chris Larsen (Ripple Chairman), Tim Draper (Draper Associates), David Namdar (Galaxy Digital), Bill Tai, Jeffrey Wernick, Catherine Ross and Dane Morehead.